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Mumbai March 2 Trading in corporate bonds can now be reported either on the BSE or the NSE platform.

SEBI has allowed National Stock Exchange also to set up a reporting platform for corporate bonds.

Earlier, the capital market regulator has allowed only Bombay Stock Exchange to set up a reporting platform.

The decision assumes significance as it has paved way for the system of multiple trading platforms for corporate bonds as suggested by the R.H. Patil Committee. SEBI has allowed FIMDA, the organisation representing primary dealers in government securities also to go in for a reporting platform, which could provide value addition to details provided by the exchanges.

BSE has been reporting deals in corporate bonds in the last couple of months. But according to dealers, the information given on its platform is insufficient to assess the market for various types of bonds.

SEBI has now suggested that exchanges should provide details such as issuer name, maturity date, current coupon, last price and amount traded, yield and weighted average yield.

More Stories on : Regulatory Bodies & Rulings | Corporate Bonds | Debt Market

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